Is the highest offer always the one to accept?
When selling your home, should you always sell to the highest bidder? On paper it might make financial sense, but it’s not always that simple.
Consider the buyer's position, are they a first-time buyer with no chain and a load of cash ready to buy – or are they caught up in a long and complex chain, that could fall through at any minute?
Your plans for your onward purchase (if there is one) are also important to consider, will the timescales your buyer can meet be acceptable to the vendor you are buying from?
It is also important to make sure that the offers you consider are properly qualified. Does your buyer have a mortgage in principle? .. if they say they are a 'cash buyer' have proof of funds to cover the full purchase price been verified?
The highest offer might not be the quickest, most suitable for your onward plans or even the most secure, so ask yourself, what’s the most important thing to you – will you hold out for that high offer, or take a lower amount for a quick sale?